One of the easiest ways to avoid catastrophe regarding your finances is to get them insured. There are many insurance companies willing to help. But before taking any step, it is very important to understand what insurance and finance are. Finance is the management of your investment, funds, and revenue. It is the knowledge of how to take care of money and the way to generate it more. On the other side, insurance transfers the risk. In simple words, insurance is the safeguard, a precaution taken against the investment.